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Two large Maven investors have called for a new board and a new direction, and say they have the votes to force change
Investors Bryant Riley and Kevin Rendino are calling for a new Maven board.
Sports Illustrated and Maven have laid off several publishers of their team channel sites, citing COVID-19
Several publishers of SI/Maven team channel sites have been laid off in the past few days.
Former Sports Illustrated owner Meredith is suing SI operator Maven, claiming more than a million in unpaid fees
Meredith is seeking $1,087,065 in damages, plus interest and attorneys' fees.
Sports Illustrated operator Maven ran background checks on publishers in July, months after an e-mail on Patrick Starr
Awful Announcing obtained an April 29 e-mail from The Maven SVP Glenn Nelson linking Texans' writer Patrick Starr to Patrick Colon, a former high school coach and teacher who pled guilty to two counts of improper relations between an educator and a student in 2008. Starr continued to write for SI/The Maven through at least June.
ABG, which owns Sports Illustrated, has asked TheMaven to reverse recent staffing cuts
Revoking the Sports Illustrated license is a possibility if ABG feels TheMaven has damaged the SI brand.
TheMaven SEC filing cites $45 million in Q4 revenue, projects millions in savings from SI cuts, discusses new traffic from team sites
TheMaven announced that it beat its revenue projection for this year and that it expects "more than $27 million in operational savings at Sports Illustrated" in 2020 (compared to the magazine's 2018 numbers) from cuts, including further print issue reductions.
Sports Illustrated’s Chris Stone exiting as editor-in-chief
At least one report has layoffs "imminent", as well.
